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  3. Study Set
    Managerial Accounting for Undergraduates
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    Exam 14: Analysis and Interpretation of Financial Statements
  5. Question
    Austin Plumbing Supplies Has a Return on Assets of 25
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Austin Plumbing Supplies Has a Return on Assets of 25

Question 38

Question 38

True/False

Austin Plumbing Supplies has a return on assets of 25%, while the industry average of similar companies is 15%. This means that Austin Plumbing Supplies' asset turnover is higher than the industry average.

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